Trump is bailing out Argentina. ‘America first’ is becoming 'Trump first'.

#152
#152
BigOrangeMojo said:
Hasnt it gone from 1 USD =.00069* on 10/20 Peso to 1 USD = .00071;today?

* Think it was between .00068 and .00069
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Argentine Peso Performance vs. US Dollar (October 20 to November 11, 2025)
The Argentine peso (ARS) has depreciated by approximately 1.5% against the US dollar (USD) over this period. This means it takes more pesos to buy one dollar now compared to October 20, 2025.

Key Exchange Rates

DateUSD/ARS Rate (Pesos per Dollar)ARS/USD Rate (Dollars per Peso)Oct 20, 2025~1,400~0.000714Nov 11, 20251,419.980.000704
Calculation

Change in ARS/USD rate: From 0.000714 to 0.000704 = -0.000010 (a decrease of ~1.40%).
Percentage change formula: $\frac{\text{New Rate} - \text{Old Rate}}{\text{Old Rate}} \times 100 = \frac{0.000704 - 0.000714}{0.000714} \times 100 \approx -1.40\%$.
In terms of USD/ARS: From ~1,400 to 1,419.98 = +19.98 pesos (an increase of ~1.43%), confirming the peso's weakening.

This minor depreciation occurred despite stabilization efforts from the US currency swap, with the peso hitting a low around October 25 (ARS/USD ~0.0007) before a slight recovery. Data is based on mid-market rates; actual traded rates may vary slightly.
 
#154
#154
MontyPython said:
Argentine Peso Performance vs. US Dollar (October 20 to November 11, 2025)
The Argentine peso (ARS) has depreciated by approximately 1.5% against the US dollar (USD) over this period. This means it takes more pesos to buy one dollar now compared to October 20, 2025.

Key Exchange Rates

DateUSD/ARS Rate (Pesos per Dollar)ARS/USD Rate (Dollars per Peso)Oct 20, 2025~1,400~0.000714Nov 11, 20251,419.980.000704
Calculation

Change in ARS/USD rate: From 0.000714 to 0.000704 = -0.000010 (a decrease of ~1.40%).
Percentage change formula: $\frac{\text{New Rate} - \text{Old Rate}}{\text{Old Rate}} \times 100 = \frac{0.000704 - 0.000714}{0.000714} \times 100 \approx -1.40\%$.
In terms of USD/ARS: From ~1,400 to 1,419.98 = +19.98 pesos (an increase of ~1.43%), confirming the peso's weakening.

This minor depreciation occurred despite stabilization efforts from the US currency swap, with the peso hitting a low around October 25 (ARS/USD ~0.0007) before a slight recovery. Data is based on mid-market rates; actual traded rates may vary slightly.
Click to expand...

Where you getting this number on 10/20.

High was .00068825 (1/1452.96)
 
#155
#155
BigOrangeMojo said:
Where you getting this number on 10/20.

High was .00068825 (1/1452.96)
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pretty sure he is using the data from right after the "swap" happened and claiming that as 10/20.

well, grok is doing it for him. and no matter how many times Grok gets something wrong, he goes right back to it.
 
#156
#156
...and the left was wrong.....again





Grok

@grok
30m


"Based on Treasury statements and reports, the US provided a $20B currency swap facility to Argentina in Oct 2025, but only $2.5B was drawn. Argentina fully repaid it by Dec 2025, including interest that generated tens of millions for US taxpayers. No net loss occurred; it was a temporary"
 
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#157
#157
jmacvols1 said:
...and the left was wrong.....again





Grok
@grok
30m


"Based on Treasury statements and reports, the US provided a $20B currency swap facility to Argentina in Oct 2025, but only $2.5B was drawn. Argentina fully repaid it by Dec 2025, including interest that generated tens of millions for US taxpayers. No net loss occurred; it was a temporary"
Click to expand...


How was "the left" wrong?

The Argentine dollar is now worth less than it was on the day Bessent announced the currency swap.

1767982560280.png
1767982771664.png
 
#158
#158
Last edited:
#159
#159
BeardedVol said:
How was "the left" wrong?

The Argentine dollar is now worth less than it was on the day Bessent announced the currency swap.

View attachment 805142
View attachment 805144
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Exchange rate was roughly .000685 Argentina pesos per USD when swap was agreed to. It roughly at (or slightly higher) than that in December 2025...

You are correct, it is slightly lower now .00068 but other than a few sporadic moments it was .00069 to .0007 in December.
 
#163
#163
BigOrangeMojo said:
It was marginally profitable but yeah, this isnt something our govt should be doing...
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The notion that we can exist independent of the world is short sided. Especially as Russia and China seek as many allies as possible
 
#164
#164
Vol8188 said:
The notion that we can exist independent of the world is short sided. Especially as Russia and China seek as many allies as possible
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This was solely to prop up a Trump favored candidate right before an election. That was purpose for this deal....

Glad we didnt lose our asses on this.
 
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#167
#167
BigOrangeMojo said:
This was solely to prop up a Trump favored candidate right before an election. That was purpose for this deal....

Glad we didnt lose our asses on this.
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We should support a country that’s moving towards a free market. Especially if we can do so in a way that leads to minimal loss or even profit.
 
#170
#170
Vol8188 said:
The notion that we can exist independent of the world is short sided. Especially as Russia and China seek as many allies as possible
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Im taking your post as a starter for a tangent. Apologies in advance.

Your premise is unnecessarily restricted in choices. It helps make a point in the discussion. But there are many more relationships between independent on one end andependant on the other.

Personally, I want relationships with all countries. I read an article 30+ years ago which convincingly proved America is a better influence for freedom across the globe when we favor relationships over sanctions/ shunning. There was a time when Levi jeans were better force for good compared to almost any other commodity or diplomatic policy.

Im happy to support another country defending themselves against an aggressor. We have many weapons available for them to purchase.

Switzerland is a good example of how we can be.
 
#171
#171
Orange_Crush said:
Seeing the TACO posts get more hilarious as time goes by.


Trump Always Chickens Out.


Also.


OMG! He's doing what he said!!!
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one poster on here said Trump was conflicted to go after the oil tanker, with the Putin puppet premise, then after they seized it, questioned the legality of it.

Tiresome.
 
#172
#172
BigOrangeMojo said:
This one aspect may have been. The aspect of propping up the Argentina peso earlier in October was outside of this deal was unprofitable.

I don't know where we ended up net-net.
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Is it conceivably less expensive to help their home countries while making a profit and close allies, or taking in refugee asylum seekers here after their countries collapse?
 
#173
#173
Orange_Crush said:
Is it conceivably less expensive to help their home countries while making a profit and close allies, or taking in refugee asylum seekers here after their countries collapse?
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We arent making a profit with this Exchange Stabilzation Fund though. Down over $700M the first two months of the fiscal year while trying to prop up the MXP, yen, and Euro....
 
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